Well be getting tomorrow. The nasdaq, as i just mentioned, outperforming once again those big names, netflix up 5 1 2 , tesla, amazon seeing strong gains as well with just 59 minutes left of trade. We are higher still on the s p but not on the dow anymore the nasdaq remains in the lead up to 0. 9 coming up on the show, shares of draft kings have doubled since they began trading in april. Today they announced a new way to bet on one of americas most celebrated fourth of july events well discuss with ceo jason robins coming up dennys, new effort to raise cash whats facing the Restaurant Industry in these uncertain times. But lets focus on the big stories were watching today first of all mike santoli, meg tirrell, pfizers encouraging vaccine news and highlights from the fed news minutes ago. Breaking news on apple josh has it for us hey, josh. So wilf, more apple Stores Closing as covid19 cases rise specifically apple saying its going to reclose 30 Additional Stores in the United States t
But how exactly can they get that done . We speak with former ge vice chairman bob lutz in a moment. It and cnbcs coverage of the coronaVirus Outbreak begins right now. Good morning and welcome, im Courtney Reagan live in times square we begin with breaking news. Stocks set to fall at the open at futures overnight hitting their limit down levels once again. We are well off the session lows at the moment. Dow jones industrial average indicated lower to the tune of 1100 points, the nasdaq down by 213 points lets check in on the etfs that track the major averages remember, these are not subject to those limit downs the dow etf is indicating a drop of 3. 75 the spy down by 3 the qqq, that tracks the nasdaq, down by almost 3 . Lets take a look at whats going on in the fixed income market and take a look at treasuries this is a closely watched barometer of everything going on with the economy and the markets. The yield on the tenyear note is sitting at 0. 38 . A rough morning in energy. Gaso
Trade. Heres a good example. 3m, down 4, 1. 6 . Thats almost 30 points in the dow. Another Big Industrial name. Excuse me, scott, lets move over here and showing you boeing down almost 4 thats another 30 points essentially off the dow, 1 . Another Big Industrial name. Then we get to some very specific stores, this Health Care Story weve been telling you about, the berkshire story and amazon story look what its done to United Health group this is the Biggest Health insurer in the United States dow component. 10 to the downside, thats about 70 points in the Dow Jones Industrial average another specific story mcdonalds down 6 mcdonalds had good earnings beat but they have that big 1 menu there are concerns that cheap menu might drag down growth. Thats another 40 points you put these four stocks together, thats about half the decline in the better than 300 points we saw . It the dow dow is priceweighted. Theres not much positive today, but the market is very defensive in tone. Theres some
This state wasnt just recently named the top state for business in america. So many huge businesses are down here, including Delta Air Lines. Ceo Richard Anderson joining us exclusively in just a moment. Also, georgia governor nathan diehl is going to join us. Well ask him how hes going to be tops on the business lid list next year. Fed president Dennis Lockhart will join us after the bell in a newsmaking interview. And the person rumored to be home depots next ceo, craig menear, also here exclusively and gives us a peek into some of the major changes theyre making to their distribution network, bill. Yeah, the economys doing okay in georgia there, and its contributing a great degree to whats going on on the east coast here, so weve got a lot to talk about in that regard. The european economy is struggling, though, and the european markets were down today. The german dax was down enough to make it into correction territory today. It has since bounced back a little bit, but those europe
Reporter maybe. But for now, the fullcourt press is on. Any questions for the mayor . Reporter the timing of this, is it coincidence that it happened the same day they start hearings . Well, its planned. I mean, i think were hitting every milestone that we can. Reporter and they have milestones to hit and i think well hear more announcements like this. By the time this Christmas Tree gets through city hall, there are going to be a lot of ornaments on it. Yeah. Reporter what they are going to do about traffic remains to be seen. Sounds like there are a lot of presents under the tree already. Reporter you got it. Phil, thank you. New numbers out tonight show a dramatic turnaround for the state budget. According to the legislative analysts office, california now faces a much smaller deficit of 1. 9 billion for the next fiscal year which ends in july. We could even see surpluses by 2014 a big change from the deficit projected this year. It counts increased revenues by prop 30 approved by v